Difference between revisions of "Emergency Banking Act"
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The '''Emergency Banking Act''', officially titled the '''Emergency Banking Relief Act''', also sometimes known as the '''War Powers Act of 1933''',<ref name=CRSReport>[http://digital.library.unt.edu/ark:/67531/metadc817258/m1/1/ Presidential Emergency Powers: The So-Called "War Powers Act of 1933"]</ref> was a legislative response to the [[Great Depression]] and was signed by President [[Franklin Delano Roosevelt]] on March 9th, 1933. The act amended the [[World War I]] era law, the Trading with the Enemy Act of 1917.<ref name=CRSReport /> | The '''Emergency Banking Act''', officially titled the '''Emergency Banking Relief Act''', also sometimes known as the '''War Powers Act of 1933''',<ref name=CRSReport>[http://digital.library.unt.edu/ark:/67531/metadc817258/m1/1/ Presidential Emergency Powers: The So-Called "War Powers Act of 1933"]</ref> was a legislative response to the [[Great Depression]] and was signed by President [[Franklin Delano Roosevelt]] on March 9th, 1933. The act amended the [[World War I]] era law, the Trading with the Enemy Act of 1917.<ref name=CRSReport /> | ||
| − | The Act set the tone for the [[New Deal]] with FDR asserting that he could use war powers to deal with the crisis despite the lack of an actual war.<ref>[ | + | The Act set the tone for the [[New Deal]] with FDR asserting that he could use war powers to deal with the crisis despite the lack of an actual war.<ref>[https://www.nationalreview.com/corner/131267/liberals-and-people-jonah-goldberg Liberals and the People], [[National Review]]</ref> |
The Act was superseded by the Banking Act of 1933,(Known as the Glass-Steagall Act) enacted on June 16, 1933. | The Act was superseded by the Banking Act of 1933,(Known as the Glass-Steagall Act) enacted on June 16, 1933. | ||
Latest revision as of 11:42, April 9, 2019
The Emergency Banking Act, officially titled the Emergency Banking Relief Act, also sometimes known as the War Powers Act of 1933,[1] was a legislative response to the Great Depression and was signed by President Franklin Delano Roosevelt on March 9th, 1933. The act amended the World War I era law, the Trading with the Enemy Act of 1917.[1]
The Act set the tone for the New Deal with FDR asserting that he could use war powers to deal with the crisis despite the lack of an actual war.[2]
The Act was superseded by the Banking Act of 1933,(Known as the Glass-Steagall Act) enacted on June 16, 1933.